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Wave Analysis

Daily Analysis of Bitcoin – Issue 235The analyst believes that the price of { BTCUSD } will decrease in the next 24 hours. This prediction is based on quantitative analysis of the price trend. Please note that the specified take-profit level does not imply a prediction that the price will reach that point. In this framework of analysis and trading, unlike the stop-loss, which is mandatory, setting a take-profit level is optional. Whether the price reaches the take-profit level or not is of no significance, as the results are calculated based on the start and end times. The take-profit level merely indicates the potential maximum price fluctuation within that time frame.
BINANCE:BTCUSDShort
by MoonriseTA
Market overview WHAT HAPPENED? Over the past week, bitcoin has been correcting after another ATH update. The upward movement was expected to resume, but the reaction from the buy zone didn’t occur properly. The reaction was received only from the $97,000-$94,200 zone. WHAT WILL HAPPEN: OR NOT? At the moment, a reserve for a price reversal may be forming. Upon repeated retest of these marks, there is a buyer's activity in terms of delta and volume. The conservative point in the long run would be to capture liquidity through a false breakdown of the local minimum. Above, we still have a strong sell zone, from which we’re likely to get a backlash in an upward movement. With a true breakdown of the local minimum, we can get a move to $80,000, so be careful and follow risk management. Buy zones: level $92,300 (local low), ~$80,000 (volume anomaly), $77,000-$74,000 (major volume zone). Sell zone: $100,000-$102,000 (mirrored volume zone). I MPORTANT DATES Christmas holidays start this week in many countries, so there are almost no reports. Among the significant macroeconomic events: • December 23, Monday, 3 P.M. (UTC) — publication of the U.S. consumer confidence index; • December 24, Tuesday, 3 P.M. (UTC) — publication of new home sales in the United States in November; • December 26, Thursday, 13:30 (UTC) — publication of the number of initial applications for US unemployment benefits. *This post is not a financial recommendation. Make decisions based on your own experience. #analytics
by Crypto_robotics
$Bitcoin other insightThe more I look at the charts the more positive I start to become. On the RSI index I see changes in effect on almost all charts in the higher time zones. Bottom hit and trend crosses. Have we now hit the bottom with MARKETSCOM:BITCOIN ? and completed a first wave, as it were? I live in the Netherlands and in the past 2 weeks we have only had rain and gray weather. I now look outside and see a clear blue sky with the sun in my face. Could this be a sign? Be kind to the world and each other!
BINANCE:BTCUSDLong
by RidgerR
BITCOIN Will Go Up! Long! Take a look at our analysis for BITCOIN. Time Frame: 17h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is trading around a solid horizontal structure 95,774. The above observations make me that the market will inevitably achieve 103,155 level. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. Like and subscribe and comment my ideas if you enjoy them!
BITSTAMP:BTCUSDLong
by SignalProvider
1
XAUUSD 23.12.24OANDA:XAUUSD Hello traders, we are currently in our wave (3) heading towards wave (4) within an ABC correction. Our wave B could either directly transition to wave C or form a 1, 2, 3, 4, 5 setup leading to wave C. We have a strong resistance zone at 2620. If we break through this level to the upside, I believe we could see a 1, 2, 3, 4, 5 setup. Otherwise, in the case of an ABC correction, we will most likely drop to around the 2300 level. This is both a Fibonacci zone of our (4) wave and the Fib extension take-profit level of our ABC wave.
OANDA:XAUUSDShort
by NeptenFX
2
NOVO - 23% weight loss causes 23% price dropHead and Shoulders pattern complete, price drops from $148 to sub $80. The drop from the head of the pattern is 23%, we should now be in Wave 5 where the final drop is 23%. Cagrisema fat loss is 23% (below expectation of 25%). Wall St trims 23% off the stock price. Largest sell volume seen in the stock, going into the oversold territory - 19 RSI on Daily, most oversold it's been in over a decade. Possible support from the following confluence: 200 Week EMA, Golden Fibonacci pocket 0.618, possible end of 5th wave. Time to DCA, from $78 down to $58, for a 3-5 year hold. Not financial advice
NYSE:NVOLong
by NoFOMO_
EU could go lowerHi traders, Last week EU did exactly what I've said in my outlook. After a small correction up for wave 2, it dropped and made another correction up into the Daily FVG. This correction up is now finished, so next week we could see this pair go lower again to finish wave 5 (black). Let's see what the market does and react. Trade idea: Wait for a change in orderflow to bearish on a lower timeframe and trade shorts. If you want to see more from my analysis, please make sure to follow me, give a boost or respectful comment. This shared post is only my point of view on what could be the next move in this pair based on my analysis. I do not provide signals. Don't be emotional, just trade! Eduwave
Short
by EduwaveTrading
PNUT ANALYSIS (4H)It seems that the correction for PNUT has started from the point where we placed the red arrow on the chart. This correction appears to be a complex pattern, such as a diametric or symmetrical formation. Wave C is expected to complete within the green zone, after which the price will likely enter Wave D. We are looking for buy/long positions within the green zone. A daily candle closing below the invalidation level will invalidate this analysis. For risk management, please don't forget stop loss and capital management Comment if you have any questions Thank You
by behdark
GBPJPY set for bullish move in the 2nd half of the week.Based on the Ichimoku analysis, here’s a trade setup using the 4-hour and daily charts, incorporating Ichimoku Wave and Time Theory: 1. Observations on the Daily Chart: Trend: The price is within the Ichimoku cloud, indicating consolidation or indecision. However, the bullish attempt to break above the cloud suggests upward momentum might develop. Key Levels: Resistance: 197.50 (upper cloud boundary and recent highs). Support: 194.50 (Kijun-Sen and lower cloud boundary). Chikou Span (Lagging Line): Inside the price action, signaling no clear trend confirmation yet. Wave Theory: After a sharp rally in mid-December, the market shows signs of completing a corrective wave within the cloud. Time Theory: If the next bullish move aligns with the current time cycles (Kihon-Suchi intervals: 9, 17, 26), a breakout may occur around the next 2–3 trading days. 2. Observations on the 4-Hour Chart: Trend: The price is trading above the cloud, suggesting a short-term bullish bias. Key Levels: Resistance: 197.00 (recent highs). Support: 195.50 (Kijun-Sen on the 4-hour chart and near the cloud top). Chikou Span: Positioned above the price action, supporting bullish momentum. Wave Theory: The impulsive move to 198.00 was followed by a correction back into the cloud. Current price action suggests a potential new bullish wave starting. Time Theory: Time intervals suggest a minor pullback may complete soon, and the next bullish wave could initiate in the next 4–8 candles. 3. Trade Setup: Bullish Scenario (Preferred): Entry: Wait for a close above 197.00 on the 4-hour chart to confirm bullish momentum. Target 1: 198.50 (previous high on the 4-hour chart). Target 2: 200.00 (psychological level and wave projection). Stop Loss: Below 195.50, where the Kijun-Sen and cloud support converge. Bearish Scenario (If Daily Cloud Resistance Holds): Entry: If price rejects 197.00 and closes below 195.50 on the 4-hour chart. Target 1: 194.00 (daily cloud support). Target 2: 192.50 (next significant support on the daily chart). Stop Loss: Above 197.50. 4. Ichimoku Wave and Time Theory Insights: Wave Analysis: The market may form a new bullish N-wave if it breaks above 197.00. Targets for this wave could align with the 198.50–200.00 zone. Time Analysis: Watch for reversals or breakout confirmations within 2–3 trading days (daily chart) or 4–8 candles (4-hour chart), aligned with the Kihon-Suchi cycles.
Long
by Welburg_Trading
1
DAY 3 - Daily BTC UpdateBitcoin must hold the key support level of $92,300 to maintain its bullish outlook and validate the Dragonfly Doji pattern on the daily timeframe. There is conflicting data, with momentum indicating increasing selling pressure, reflected in the formation of lower highs on the daily chart, but the STOCH RSI has bottomed. Bitcoin’s hash rate—the computational power used to mine and process transactions—has risen by 5.48% to 830.78 EH/s, showcasing stronger network security and processing power. Despite this, mining difficulty remains unchanged at 108.52 T, suggesting that while miners are contributing more power, the effort required to mine a block has not yet been adjusted. The Crypto Greed and Fear Index currently stands at 70, indicating market greed. While this sentiment suggests confidence, it could also signal caution as investors may pull back from further price increases after the recent decline. The total cryptocurrency market cap has dropped by approximately 2.9%, with Bitcoin dominance slightly decreasing to 55.1%, reflecting minor shifts in market dynamics. In trading, long liquidations have surged, with over $38 million in Bitcoin long positions liquidated within four hours. This sharp move signals a potential bearish turn, driven by traders taking profits or reacting to external pressures. Despite this, declining trading volume suggests fewer sellers in the market, which could hint at stabilisation or a potential reversal. On-chain data provides a more optimistic perspective. Whale accumulation has increased, and exchange liquidity inventory ratios have declined, signalling that large holders are likely accumulating Bitcoin for longer-term gains or anticipating a price recovery. Moreover, exchange reserves are decreasing, reducing the immediate supply of Bitcoin available for sale. This dynamic supports a potential price rebound if current trends persist. The past 24 hours have been volatile, with Bitcoin leaning bearish in the short term. However, the underlying on-chain metrics—such as whale activity and reduced exchange reserves—suggest that bullish investors still have hope. A buy-the-dip opportunity may arise if Bitcoin forms a higher low in the coming sessions, potentially paving the way for a recovery. I am still Buying the Dips :) PS there were a few more images on the in group update - but not allowed under Trading View Rules - Sorry :(
by LisaNEdwards
$BTC Flipping Resistance to Support?! Based on the provided image and the context from the web results, here's a layered analysis: 🔍 Analyzing the #BTCUSD Weekly Chart at All-Time Resistance! We're currently witnessing Bitcoin testing an all-time resistance trendline, which is a significant milestone in its price history. Here's a detailed look: 1️⃣ Initial Growth: From late 2017 to early 2019, Bitcoin saw a significant rise, peaking at around $20,000 before correcting. 2️⃣ Bear Market: Post-2019, Bitcoin endured a prolonged bear market, hitting lows around $3,000. 3️⃣ Recovery Phase: The recovery began in 2020, with Bitcoin breaking through previous resistance levels. 4️⃣ Bull Run: The 2021 bull run pushed Bitcoin to new heights, surpassing $60,000. 5️⃣ Current Trends: Bitcoin has now reached an all-time resistance trendline, and according to Elliott Wave Theory, we still have the second half of the 3rd wave to complete. This suggests potential for further bullish movement. Possibly flipping the trendline from resistance to support. The chart also features: 🟣 Ascending trend lines showing the overall bullish trend. 🔴 Purple lines indicating potential resistance points. 🟢 Green lines highlighting support levels. Given Bitcoin's position at this critical resistance trendline, the question arises: Will this now flip resistance to support and begin the new age of Bitcoin? According to Elliott Wave Theory, if Bitcoin successfully breaks and sustains above this resistance, it could indeed flip it into support, signaling the start of a new bullish phase. This would align with the completion of the 3rd wave, which is often the strongest in the sequence, indicating a powerful continuation of the trend. However, this is contingent on several factors including market sentiment, regulatory news, and broader economic conditions. While the technical indicators are promising, the real-world impact of these factors cannot be underestimated. What do you think about Bitcoin's potential to break this resistance and enter a new era? Share your thoughts below! 🚀💹 Please note that this analysis is based on the provided chart and general knowledge from related web results. For specific predictions, always consider multiple sources and do your own research.
COINBASE:BTCUSDLong
by globulltrader